EUR/USD holds above 1.1000, for now

EUR/USD ended the day slightly higher, above the 1.10 mark, after briefly falling below the psychological mark during the European session.

Growing uncertainty over the economic and political future in the UK, raised risk aversion across financial markets and sent EUR/USD to the 1.0970 area. The pair however, managed to hold above Friday’s 3-month low of 1.0911. At time of writing, the pair is trading at the 1.1020 area, having posted a 0.14% daily gain on Monday.

ECB President Mario Draghi pulled out from the Sintra forum and instead he attended the EU council meeting on Brexit.

EUR/USD levels to watch

As for technical levels, immediate supports are seen at 1.0911 (Jun 24 low) and 1.0821 (Mar 10 low). On the flip side, next resistances could be faced at 1.1083 (Jun 27 high), 1.1100 (psychological level/200-day SMA) and 1.1235 (100-day SMA).